作者：Allee, Kristian D.; Lynch, Daniel P.; Petroni, Kathy R.; Schroeder, Joseph H.
作者单位：University of Wisconsin System; University of Wisconsin Madison; Michigan State University; Indiana University System; Indiana University Bloomington
摘要：This study investigates the effect of personal property taxes (PPTs) on real business decisions. Consistent with tax avoidance, we posit that PPTs are associated with decreases (increases) in inventory prior to (following) calendar year-end assessment dates. We empirically test this prediction using monthly crude oil inventory data. We find that in locations where crude oil inventory is subject to taxation, total and refinery-level crude oil inventories are reduced prior to assessment dates an...
